1

Piraeus, Greece, September 7, 2023. Capital Gasoline Ship Administration Corp. introduced the order for the world’s first two giant ammonia tankers (VLAC) with a capability of 88,000 cubic meters (㎥) with KSOE. The modern vessels can be constructed at HD Hyundai Heavy Industries in Ulsan and are scheduled to be delivered by the second half of 2027.

These state-of-the-art vessels distinguish themselves from conventional very giant gasoline carriers in that they’re designed with a considerably elevated ammonia loading capability within the cargo tanks, permitting them to hold ammonia as much as 98% of the capability of the cargo tanks.

On the identical time, this new funding marks one other milestone for The Capital Group and its strategic dedication to constructing a number one fleet that can play a number one position in international decarbonization efforts.

To be able to lay the foundations for the Vitality Transition, Capital is at present endeavor one of many world’s largest and most diversified shipbuilding applications for 59 new builds with supply dates extending from 2020 to 2027 together with an order for the world’s first two modern Liquefied Carbon Dioxide (LCO2) 22000 cubic meters tanker deliveries are anticipated in 2025-2026.

The signing ceremony befell in the course of the “Gastech 2023” occasion held in Singapore, the place KSOE signed contracts for the world’s first 4 88,000 cubic meter (㎥) VLACs with Capital Gasoline and Singapore’s Japanese Pacific Pte Ltd (EPS). Furthermore, Capital Gasoline and EPS have agreed with Hyundai to discover the potential for equipping this collection of vessels with an ammonia-based bi-fuel propulsion system, which may scale back the vessels’ carbon footprint to zero.

Capital Gasoline Ship Administration Firm

Capital Gasoline Ship Administration (“Capital Gasoline”) is a ship administration companies supplier, at present working a fleet of 21 trendy LNG carriers, 2 flagship LCO2 carriers and a couple of dual-fuel VLACs (Very Massive Ammonia Carriers) with a complete carrying capability of roughly 3.18 km. million cubic meters. The fleet beneath administration contains NASDAQ-listed Capital Product Companions LP vessels